There are several advantages to hiring a tax attorney if you are a small business owner. Unfortunately, many small business owners do not consider hiring a tax attorney until they are facing an audit from the IRS. By the time this has happened, it is too late, and the majority of damage has already been done.
However, when you choose to hire a tax attorney before facing an audit, the attorney may not only be able to prevent the audit, but they can also be of great assistance if you are in the process of an audit.
Tax attorneys have expert knowledge regarding the state and federal tax laws, and by hiring one, you may be able to minimize your company’s tax obligation while still complying with other various other financial laws.
Why Should You Hire A Tax Attorney?
The most common reason a small business owner would consider hiring a tax attorney is if:
• Back taxes are owed
• Delinquent tax returns
• Payroll taxes
• Audit issues
So, how can you make sure you choose the best tax attorney for business?
Law Firm Or Solo Tax Attorney?
The first thing that you want to decide is if you want to hire a solo tax attorney that specializes on one aspect of tax laws, or if you prefer to enlist the services of a law firm. If you are looking for service that is more personalized, you may want to utilize the services of a law firm. However, if you have a complex tax issue that needs to be resolved, you may want to hire one attorney who has their own practice.
Keep in mind that a law firm generally has more resources such as additional lawyers and paralegals. These resources can be used to manage your case, and the resources could be what you need to leverage your case.
By hiring an experienced tax attorney, you may save yourself the stress from having to deal with the State Department of Revenue or the IRS. Take your time, and choose the tax attorney who will give you the best value for your money.
You can get in touch with Dean Hines Lawyers, if you are looking profession tax advice for your small business. Visit their portal online at deanhineslawyer.com.